新娱科控股(06933) - 2024 - 中期业绩

Financial Performance - The company's revenue for the six months ended June 30, 2024, was approximately RMB 30,323,000, an increase of about 3,393.4% compared to RMB 868,000 for the same period in 2023[5]. - Gross profit for the same period was approximately RMB 2,263,000, reflecting a growth of about 279.1% from RMB 597,000 in the previous year[5]. - The net loss for the period was approximately RMB 5,984,000, a decrease of about 57.9% compared to a loss of RMB 14,201,000 in the same period last year[6]. - The increase in revenue was primarily driven by the income from the joint publishing of third-party games and the development and sales of games[8]. - The group recorded joint publishing revenue of approximately RMB 16,172,000 from 20 third-party games during the period, compared to none for the six months ended June 30, 2023[14]. - The company reported a loss before tax of RMB 4,544,000, a reduction from a loss of RMB 15,358,000 in the prior year, reflecting improved operational efficiency[32]. - Total comprehensive loss for the period was RMB 5,095,000, compared to RMB 11,787,000 in the same period last year, showing a narrowing of losses[32]. - The basic and diluted loss per share improved to RMB (1.38) from RMB (3.34), demonstrating progress in reducing losses per share[32]. Revenue Sources - The company developed and sold three customized software and games during the period, generating sales revenue of approximately RMB 14,151,000, compared to RMB 783,000 in the previous year[12]. - The mobile gaming segment generated revenue of RMB 30,323,000 for the six months ended June 30, 2024, compared to RMB 783,000 for the same period in 2023, indicating a growth of approximately 3,772%[51]. - The blockchain technology segment reported a performance of RMB 114,000 for the six months ended June 30, 2024, compared to a loss of RMB 959,000 for the same period in 2023, showing an improvement[51]. Expenses and Costs - Administrative expenses for the period amounted to approximately RMB 21,050,000, an increase from approximately RMB 9,406,000 for the six months ended June 30, 2023, primarily due to increased advertising, promotion expenses, and intangible asset amortization[16]. - Research and development expenses were RMB 267,000, down from RMB 549,000, suggesting a potential focus on cost management[32]. - The total depreciation and amortization expense for the six months ended June 30, 2024, was RMB 5,274,000, compared to RMB 2,308,000 for the same period in 2023, representing an increase of approximately 129%[54]. Assets and Liabilities - As of June 30, 2024, the group's current assets net value was approximately RMB 91,528,000, compared to approximately RMB 86,647,000 as of December 31, 2023[22]. - The net asset value of the company increased to RMB 106,954,000 from RMB 104,712,000, reflecting a positive trend in overall financial health[33]. - The group recognized a net impairment loss of approximately RMB 12,892,000 for trade receivables as of June 30, 2024, compared to RMB 6,557,000 for the same period in 2023[59]. - The net amount of trade receivables as of June 30, 2024, was RMB 38,055,000, an increase from RMB 15,526,000 as of December 31, 2023[60]. Cash Flow - Operating cash flow before changes in working capital for the six months ended June 30, 2024, was RMB (6,175) thousand, compared to RMB (3,163) thousand for the same period in 2023, indicating a decline[38]. - Net cash used in operating activities for the six months ended June 30, 2024, was RMB (10,455) thousand, significantly higher than RMB (1,137) thousand in the prior year[38]. - The net cash generated from investing activities for the six months ended June 30, 2024, was RMB 3,583 thousand, a recovery from a net cash used of RMB (21,290) thousand in the same period of 2023[38]. Corporate Governance - The company has established an audit committee in accordance with Listing Rule 3.21, responsible for ensuring effective internal controls and risk management[94]. - The company has adopted the corporate governance code principles as per Appendix C1 of the Listing Rules for the six months ending June 30, 2024[93]. - The company has a management team that includes both executive and independent non-executive directors, ensuring diverse oversight[94]. Shareholder Information - As of June 30, 2024, Mr. Sui Jia Heng holds 158,900,000 shares, representing 38.30% of the company's issued share capital[73]. - The board does not recommend any interim dividend for the period[20]. - The company did not declare or propose any dividends for the two interim periods[57]. Future Outlook - The company aims to continue focusing on high-growth potential businesses and enhancing game development and publishing capabilities[8]. - The group remains optimistic about utilizing blockchain technology for developing social finance mobile applications and providing technical support[30].